Facebook’s Libra gets ready for launch in early new year

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Facebook’s Libra gets ready for launch in early...
 © CyprusMail 2021
Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project.

The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people.

The move would represent an even bigger scaling-back of the project’s ambitions than that proposed in April in response to a regulatory and political backlash against the project.

Libra, unveiled by Facebook Inc last year, was relaunched in slimmed-down...


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This article was automatically added to our system 27-11-2020

Facebook’s Libra gets ready for launch in early new year


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Article Tags: facebook, libra, ready, launch, early,